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Payday Advances & Customer Proposal Debt Consolidation Reduction

Payday Advances & Customer Proposal Debt Consolidation Reduction

So how exactly does a customer proposition combine my debt?

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A customer proposition is just a legitimately binding contract between both you and your unsecured creditors to settle a specific portion of one’s debts via a payment plan. The payment plan can endure for at the most 5 years. When that is over, you have got completed the proposition, and you are clearly officially released from those debts to your creditors that are unsecured.